Arab Today, arab today adb loan to improve power distribution in india
Last Updated : GMT 05:28:49
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ADB loan to improve power distribution in India

Arab Today, arab today

Arab Today, arab today ADB loan to improve power distribution in India

New Delhi - Arabstoday

The Asian Development Bank (ADB) on Monday offered a $350 million loan to improve the power distribution system in Madhya Pradesh, Gujarat and Assam. The Manila-headquartered ADB signed three agreements with the Indian government and the respective state governments to provide the loan, which has a maturity period of up to 25 years with a grace period of five years. The ADB will provide $200 million in loans to support the “provision of reliable, 24-hour electricity to rural households in Madhya Pradesh”, the finance ministry said in a statement.

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